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Has been in office and he is determined to pass massive tax reform and massive tax cuts that will put people back to work and will create u.s. jobs. we will bring back trillions of dollars that are sitting offshore by having a one-time tax and going to a territorial system and making u.s. businesses the most competitive in the world. >> tucker: the idea and congress for a long time has been that you would take that money offshore when it comes back to united states and put it back in some kind of infrastructure pool. >> that is one of the things we will look at. infrastructure will be done sep...

Pay for that overseas. are you willing to make that kind of trade-off? >> i agree cuts to the stated department increase our security problems, not lessen them. one of the reasons we have had to count on the military to do so many things over the past few years is because the state department and other agencies are not capable of doing them. so i think we have to be smart by the. but just back to basics. 2/3 of this federal budget is in mandatory spending. the defense is 14.7% of the budget. surely we can figure out a way to fulfill the first responsibility of the government which is to defend...

Economic advisers chair austin goldsby, and stephen moore. austin, i remember when president obama liked the idea of public-private partnerships for infrastructure spending. what exactly does that mean and do you still believe it will work? >> well, we don't know exactly what it means, because there weren't a lot of details in this speech by president trump, which is fine, this is not normally a big policy-heavy address. if you look at previous presidents. i think in this case, there was a subtle shift of language when you saw there. in the campaign he had been saying it is a trillion dollar i...

Infrastructure because that is the key component to making his economic nationalist message work. people have jobs, if people feel like their livelihood is better that gets trump a second term and validates their vision for what trumpism is, whatever that is. >> by the way, that is -- this is how the white house thinks. what jeremy just said is exactly what they are thinking. a lot of distractions and crazy things going on. yes, there is chaos in the white house. they will admit behind the scenes. we are getting all of those systems figured out but at the end of the day we e looking at wiscons...

During the presidential campaign, donald trump promised massive tax cuts to the rich, a trillion dollar infrastructure program and an explosion in defense spending which would increase the federal deficit. yet over the weekend, trump said his pick for budget director was mickey mulvaney, who is willing to push the country into default in order to reduce spending. >> the national mood now is such that people recognize we can't keep spending this money that we don't have. we need to get back to fiscal basics and spend what we've got. >> by the way, that burning your money graphic was aces. he wa...